Particle.news

Download on the App Store

Sandisk Jumps to Record After Citi Lifts Price Target to $125

Citi cites margin improvement with hyperscale data‑center SSD demand as the drivers of its bullish view.

Overview

  • On September 25, Citi analyst Asiya Merchant raised Sandisk’s target from $80 to $125 and reiterated a Buy rating.
  • The analyst expects earnings per share to rise next fiscal year, supported by improving margins.
  • The outlook points to growing NAND bit demand from data centers and gains in Sandisk’s enterprise SSD bit‑shipment share.
  • Following the call, the stock climbed to an intraday high near $114 on September 29 and closed up about 16.9% at $113.50.
  • Separately, Sandisk scheduled an October 16 unveiling for ROG Xbox Ally storage products—microSD cards ranging from 512GB to 2TB and a 4TB SSD—with pre‑orders available.